Aadhaar Enabled Payment System (AEPS service providers in India) has revolutionized digital banking in India, enabling secure and cashless transactions using just an Aadhaar number and biometric authentication. As we step into 2025, several AEPS service providers in India are leading the charge, offering seamless, efficient, and inclusive financial solutions.
In this article, we’ll explore the top 10 AEPS service providers in India in 2025, their key features, benefits, and how they are shaping the future of digital payments. Whether you’re a business owner, a banking correspondent, or a consumer, this guide will help you choose the best AEPS service provider for your needs.
What is AEPS?
AEPS is a bank-led payment system that allows users to perform basic banking transactions—such as balance checks, cash withdrawals, deposits, and fund transfers—using their Aadhaar-linked bank accounts and fingerprint authentication. It eliminates the need for cards, PINs, or physical documents, making banking accessible even in rural areas.
Why AEPS is Gaining Popularity in 2025
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Financial Inclusion: Bridges the gap for unbanked populations.
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Secure Transactions: Biometric authentication reduces fraud risks.
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Convenience: No need for smartphones or internet access.
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Government Support: Backed by NPCI (National Payments Corporation of India).
Top 10 AEPS Service Providers in India (2025)
1. PayNearby
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Key Features:
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Extensive network of retail agents.
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Supports AEPS, DMT, bill payments, and insurance.
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User-friendly app for agents.
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Why Choose PayNearby?
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Trusted by over 10 lakh retailers.
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Strong presence in rural and semi-urban areas.
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2. Airtel Payments Bank
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Key Features:
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Zero-balance accounts.
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High transaction limits.
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Seamless AEPS cash withdrawals.
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Why Choose Airtel Payments Bank?
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Reliable banking services with Airtel’s telecom reach.
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3. Fino Payments Bank
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Key Features:
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Robust AEPS services.
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Multi-utility platform (loans, insurance, etc.).
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Why Choose Fino?
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Trusted by millions for secure transactions.
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4. PhonePe (BharatPe AEPS)
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Key Features:
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QR-based AEPS transactions.
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Instant settlements.
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Why Choose PhonePe?
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Leading UPI player expanding into AEPS.
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5. Axis Bank AEPS
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Key Features:
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High-security standards.
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Wide ATM and micro-ATM network.
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Why Choose Axis Bank?
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Trusted private bank with strong digital infrastructure.
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6. ICICI Bank AEPS
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Key Features:
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Seamless biometric authentication.
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Multi-channel support.
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Why Choose ICICI?
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One of India’s most tech-savvy banks.
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7. Bank of Baroda AEPS
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Key Features:
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Government-backed reliability.
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Low transaction fees.
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Why Choose BOB?
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Ideal for rural banking needs.
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8. Paytm Payments Bank
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Key Features:
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Integrated with Paytm wallet.
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Cashback offers on AEPS transactions.
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Why Choose Paytm?
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Popular among small merchants.
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9. NSDL Payments Bank
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Key Features:
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Secure and fast transactions.
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Pension disbursements via AEPS.
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Why Choose NSDL?
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Trusted for government-linked payments.
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10. Jio Payments Bank
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Key Features:
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Jio’s vast retail network.
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Low-cost transactions.
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Why Choose Jio?
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Strong digital ecosystem support.
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How to Choose the Best AEPS Service Provider?
When selecting an AEPS service provider in India, consider:
✔ Transaction Fees – Compare costs per withdrawal.
✔ Network Coverage – Ensure service availability in your area.
✔ Security – Look for RBI-approved providers.
✔ Additional Services – Some offer microloans, insurance, etc.
Frequently Asked Questions (FAQs)
1. Is AEPS safe to use?
Yes, AEPS uses biometric authentication, making it highly secure.
2. Can I use AEPS without a bank account?
No, your Aadhaar must be linked to a bank account.
3. What is the daily transaction limit for AEPS?
Typically ₹10,000 per day, but varies by bank.
4. Are there charges for AEPS transactions?
Yes, small fees (₹5-₹20) may apply per transaction.
5. Which is the best AEPS provider for rural areas?
PayNearby and Fino Payments Bank have strong rural penetration.
Conclusion
The AEPS service providers in India in 2025 are making banking more inclusive, secure, and convenient. Whether you need cash withdrawals, deposits, or fund transfers, these top 10 providers offer reliable solutions tailored to different needs.
Before choosing, assess factors like fees, network reach, and additional services to find the best fit. With AEPS growing rapidly, India’s digital payment ecosystem is set to become even more robust in the coming years.
Disclaimer
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